AI in edtech can be bigger moment than the internet was 30 years ago as it takes an already great product and makes it even better, Moe said in the interview with Moneycontrol.
Michael Moe, the founding partner and CEO of venture capital firm GSV Ventures, emphasised the need for increased caution and diligence in ensuring adherence to established protocols.
The main action for companies globally has been to take costs down, get to breakeven. If you’re in the breakeven, you've got a lot more control over your destiny, you can figure out when you can resume growth, says GSV's Deborah Quazzo.
This comes at a time when the edtech sector is facing a double whammy of plummeting investments and the fall of the most valued edtech company, Byju’s. Many Indian startups have fallen back on their existing investors to help them sail through this period.